25.07.2018 Views

mmm

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Alternative Example 2.1<br />

• Solution<br />

– Rylan’s market capitalization is $110 million<br />

• 5 million shares × $22 share = $110 million.<br />

• The market capitalization is significantly higher than<br />

Rylan’s book value of equity of $50 million.<br />

Copyright ©2014 Pearson Education, Inc. All rights reserved. 2-27

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!